1 month on rocket

485 E St, New Haven, CT, 06511

$385,000

Home List Price

$4,572*

Closing Credit

9 Bedrooms
3 Full Baths
2,616 SqFt
$147/SqFt
Multi

Location

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485 E St, New Haven$385,000

Buyer Closing Credits

$4,572*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingNone
Year Built1900
HeatingBaseboard, Forced Air
CoolingNone
BasementYes
MLS #24057738
Lot Size0.07 Acres
StatusActive

About 485 E St

This 3-family property, situated directly across from Jocelyn Park, offers a rare chance to acquire a multifamily building in a highly desirable location. Just steps from East St. and State St., tenants will enjoy easy access to local restaurants, bars, and shops, making this a sought-after rental location. Each unit features 2-3 bedrooms with abundant natural light, perfect for attracting quality tenants. Two of the units boast updated kitchens and bathrooms, ready for immediate occupancy or rental. The first unit is currently rented at below-market value, providing clear potential for rent increases and higher cash flow. Investors will recognize the serious upside here-whether you're looking to stabilize the asset with market-rate tenants or owner-occupy and have your mortgage covered by rental income. With updated properties in the area fetching $480k and higher, this is a solid value-add play with significant appreciation potential. Property is being sold as-is, where-is-ideal for savvy investors who understand the potential in New Haven's growing rental market.

Property Details

Property Features

Property Information:

  • Year Built: 1900
  • Living Area: 2,616 SqFt

Listing Office:

  • Office Name: Berkshire Hathaway NE Prop.
  • Office Phone: (860) 633-3674
  • Listing Agent: Lisa Cozzi

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 9

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Attached Garage: No
  • Parking: None

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.07 Acres

Utilities

Utilities Information:

  • Heating: Baseboard, Forced Air
  • Cooling: None

Other

Directions Information:

  • Directions: GPS Friendly

Price Information

Listing Price Info

Price Summary:

  • List Price: $385,000
  • Price Per SqFt: $147/SqFt

Tax Information:

  • Annual Amount: $4,027
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in New Haven, CT.

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New Haven, CT

City

Med. Sold Price

$339.8K

Med. Price/SqFt

$181

# of Sold Homes

60

485 E St vs New Haven

43 DAYS ON ROCKET

$385,000

+$45.1K More

$147/SqFt

-$34 Less

KEY TAKEAWAY

This property is $45.1K more than the Median Sold Price and $34/SqFt less than other homes in New Haven, CT.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24057738

Listing Office:

  • Office Name: Berkshire Hathaway NE Prop.
  • Office Phone: (860) 633-3674
  • Listing Agent: Lisa Cozzi

IDXCopyright © 2024 Smart MLS. The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 2:21:00 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 18, 2015Home Sold
$113,333
Jul 31, 2006Home Sold
$190,000

Tax History

YEARPROP. TAXASSESSMENT
2021$4,027$91,770
2020$4,027$91,770
2019$3,944$91,770
2018$3,944$91,770
2017$3,550$91,770

History based on county public records data.

Payment Calculator

$1,989

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,221

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4335828
4
/10

  • Lincoln - Bassett Community School

  • 130 Bassett St

  • 1.72 miles

  • Public District Grades PK-6

school-card-donut-4335829
5
/10

  • Ridge Hill School

  • 120 Carew Rd

  • 2.48 miles

  • Public District Grades KG-6

school-card-donut-4335830
5
/10

  • Barack H. Obama Magnet University School

  • 69 Farnham Ave

  • 2.56 miles

  • Public Magnet Grades PK-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $38,710. Typical income of New Haven, CT residents is less than $35k annually. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›Connecticut›New Haven County›New Haven›06511›485 E St

This home is located at 485 E St in New Haven, CT and zip code 06511 in the Wooster Square / Mill River neighborhood. This 2,616 square foot home, which was built in 1900, sits on a 0.07 acre lot. Features: 9 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since November 04, 2024 and is currently priced at $385,000.

New Haven, CT housing market in November 2024 saw over 32 listings sold above listed price, more than 11 sold at listed price and over 17 sold below. Between October 2024 and November 2024, New Haven, CT real estate market has seen decrease in the number of listings by 7.1%.

From Rocket Homes Real Estate and based on county public records data.

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